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Michael F. Easley
Governor
State of North Carolina
Office of the Governor
Governor's Press Office
State Capitol, Raleigh, NC 27603-8001
(919) 733-5612 - Toll Free 1-800-662-7005
FAX (919) 733-5166
For Release: IMMEDIATE Contact: Cari Boyce/Fred Hartman
Date: August 5, 2002 Phone: (919) 733-5612
GOV. EASLEY SECURES HURRICANE FLOYD FUNDS
RALEIGH—Gov. Mike Easley today announced that he is securing all flood recovery funds by placing them into an emergency escrow account. While in that account, the recovery resources are protected from appropriation. Easley escrowed $150 million in flood recovery funds in May and has released $34 million for flood projects. Today he is transferring the remaining $176 million into the escrow account for recovery efforts.
“The victims of Hurricane Floyd have been promised this money and I am going to make sure they get every dime that they need,” said Easley. “I am locking up these funds until the Legislature passes a budget. I will not allow North Carolina’s budget to be balanced on the backs of our most vulnerable citizens.”
Easley toured recovery efforts in Pender and Pitt counties today. He met with local officials, flood victims and legislators to discuss the status of the ongoing recovery. In recent weeks, legislators have tried to take Floyd funds to balance the budget.
“While we have made great progress in the past year, we still have a great deal left to do” said Easley. “In May of 2001, only 6 percent of our recovery was complete, but today we have finished more than 60 percent of our projects. The end is in sight and we cannot give up the fight now.
“A lot of people have given so that we can continue to fund the recovery. State employees, local governments and trust funds have all sacrificed. This is a classic example of all North Carolinians pulling together to help those in need and I will not allow that effort to be disrupted.”
In 1999, $836.6 million was appropriated for the state’s recovery. In May of 2001, Easley consolidated the Redevelopment Center under the Department of Crime Control and Public Safety to streamline and expedite the recovery efforts. Under current projections, the recovery will be complete by December of 2003.
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Michael F. Easley
Governor
State of North Carolina
Office of the Governor
Governor's Press Office
State Capitol, Raleigh, NC 27603-8001
(919) 733-5612 - Toll Free 1-800-662-7005
FAX (919) 733-5166
For Release: IMMEDIATE Contact: Cari Boyce/Fred Hartman
Date: August 5, 2002 Phone: (919) 733-5612
GOV. EASLEY SECURES HURRICANE FLOYD FUNDS
RALEIGH—Gov. Mike Easley today announced that he is securing all flood recovery funds by placing them into an emergency escrow account. While in that account, the recovery resources are protected from appropriation. Easley escrowed $150 million in flood recovery funds in May and has released $34 million for flood projects. Today he is transferring the remaining $176 million into the escrow account for recovery efforts.
“The victims of Hurricane Floyd have been promised this money and I am going to make sure they get every dime that they need,” said Easley. “I am locking up these funds until the Legislature passes a budget. I will not allow North Carolina’s budget to be balanced on the backs of our most vulnerable citizens.”
Easley toured recovery efforts in Pender and Pitt counties today. He met with local officials, flood victims and legislators to discuss the status of the ongoing recovery. In recent weeks, legislators have tried to take Floyd funds to balance the budget.
“While we have made great progress in the past year, we still have a great deal left to do” said Easley. “In May of 2001, only 6 percent of our recovery was complete, but today we have finished more than 60 percent of our projects. The end is in sight and we cannot give up the fight now.
“A lot of people have given so that we can continue to fund the recovery. State employees, local governments and trust funds have all sacrificed. This is a classic example of all North Carolinians pulling together to help those in need and I will not allow that effort to be disrupted.”
In 1999, $836.6 million was appropriated for the state’s recovery. In May of 2001, Easley consolidated the Redevelopment Center under the Department of Crime Control and Public Safety to streamline and expedite the recovery efforts. Under current projections, the recovery will be complete by December of 2003.
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